*Turnaround* Long-Standing CNC Machining Company

Not Disclosed, MI

West Michigan

Asking Price: Annual Revenue:
Not Disclosed $3,037,989

Manufacturing: Metal Products

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RE: *Turnaround* Long-Standing CNC Machining Company Broker: Max Friar
Owner Financing is Available!
Limited Seller-Financing Available for Qualified Buyers.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $3,037,989
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $2,217,950
Real Estate: Not Disclosed
Year Established: 1963
Employees: 22
BBN Listing #: 137245079
Broker Reference #: 104

Email or Print Listing

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Business Overview:

This Company is a West Michigan-based CNC machining shop specializing in OEM & aftermarket machined components. Founded in 1963, the Company began by supplying shot end components for die casters and machining components to OEM machine builders and end-users. It has historically directly or indirectly served in the aerospace, defense, nuclear, utility, energy, food processing, agriculture, plastics, die casting, aluminum extrusion, aluminum & steel processing, mining, hydro-electric, miscellaneous press component manufacturing, and oil & gas industries.

The Company’s 40,000 square foot manufacturing facility is safe, clean, and organized for efficient part flow and output. The Company specializes in large bar and shaft machining for OEM and aftermarket machined components. The Company’s extensive CNC lathe machining capabilities offer live tooling with finished products up to 48” in diameter and 42’ long, weighing in at 40,000 pounds per piece.

The Company now boasts years of experience working alongside industry-leading customers and suppliers. The Company’s mission is customers first, aiming to produce high-quality products on time and under budget while making a solid profit. The Company’s customers rely on its machining services first and foremost due to the Company’s superior quality, creative solutions, and exceptional delivery.
The current Owner purchased the Business in 1986 and has been its sole owner/operator since then. He is ready to slow down his involvement in the Company, but he is willing to stay with the Company as a commissioned sales representative with no internal responsibilities. To maintain current business performance, the Owner is also willing to stay and help train the new owner(s) or Company manager as the business transitions. The Owner also owns the Company’s real estate and equipment through a separate business entity. He is open to selling or leasing the real estate to the new owner(s).

Potential Buyers must have a minimum of $1,000,000 in available liquid capital to receive information about this opportunity.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency. You will be sent a link to our online NDA. IF YOU DO NOT RECEIVE THE NDA LINK, PLEASE CHECK YOUR JUNK MAIL. If the email cannot be found, please email us and request a PDF version.
Once we receive your NDA and answers to some basic questions, the Confidential Information Memorandum (CIM) will be sent to you from the project manager.

IF YOU DO NOT RECEIVE A FOLLOW UP EMAIL AFTER YOU SUBMIT YOUR NDA, PLEASE CHECK YOUR JUNK MAIL FIRST. If you do not see the email there, please email us for support. Thank you in advance!

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Property Features and Assets:

40,000 square foot manufacturing space; three storage facilities (two 4,800 square foot buildings and one 3,200 square foot building) totaling 12,800 square feet. The Owner also owns the Company’s real estate and equipment through a separate business entity. He is open to selling or leasing the real estate to the new owner(s). Real Estate Value is approx. $700,000, with a lease rate of $85,665.

Market Competition and Expansion:

Investment Highlights Include: (1) Longstanding Reputation & Presence: The Company’s reputation stands out considerably because of its quality, high standards, and excellent customer service. The Company rarely uses marketing strategies to obtain customers. Most of their projects are brought in from past customer referrals. (2) Cross-Trained Employees & Low Turnover: The Company retains highly-skilled and experienced employees in the industry. Creative, multi-talented, and problem solvers are just a few words to describe the Company’s employees. The flexible and innovative engineering capabilities are what the customers praise most. Everyone in the Company is suited for many different roles. Many employees have been with the Company for over a decade, and there is very low employee turnover, even with COVID-19. (3) Substantial Equipment Base: The Company is highly equipped with diverse machining capabilities to meet any customer’s needs. It usually takes businesses years to develop a fine-tuned expansive list of equipment where all the kinks are worked out. The Company has even had special engineers develop custom solutions to optimize the equipment for efficiency and quality. (4) Geographic Presence in Growing West Michigan Area: The Company is located in a growing area of West Michigan that has undergone significant development over recent years. The growing region makes for an optimal investment as real estate prices go up, new people move in, and new work becomes available, possibly bringing more customers to the Business. (5) Well-Equipped Facility Tooled for Current and Future Business: The Company had a new Dust Collection System installed for the polishing machines in 2016, providing a safe working environment with more capabilities going forward. The main building is approximately 40,000 square feet of manufacturing and office space, including a second and third floor above the office area. Overhead cranes support the manufacturing areas for moving and loading parts. Two 4,800 square foot and one 3,200 square foot storage buildings, along with open storage areas, are also on the property. The facilities are more than capable of accommodating current and future projects. Growth Opportunities Include: (1) Targeted Customer and Market Expansion: New ownership could grow the Company by developing a targeted marketing strategy to break into high-growth markets not currently being served. This could lead to greater revenue and allow the Company to expand. (2) Increase Equipment Capacity: New ownership could cautiously select appropriate new or used equipment to further serve the customers’ unmet needs. This will permit entry into new markets by expanding the services and products the Company may offer if strategized correctly. (3) Continuous Personnel Upgrade: By growing the internal and external personnel, the Business could continue to increase revenue and maximize margins. Developing strategic partnerships with external sales initiatives could help capitalize on underserved business opportunities.

Reason for Selling:

Other business ventures, family.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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